Whitehaven Coal's New Bull Pleased by Debt Refinancing -- Market Talk
Dow Jones
Apr 20
0203 GMT - Whitehaven Coal gains a bull after recent share-price losses. The stock is down by roughly 17% month to date, reflecting concerns the miner will miss 3Q production and cost estimates. However, Macquarie has already factored in a miss into its estimates. It adds that a recent--and long-awaited--refinancing was pleasing to see, lowering the miner's cost of debt. The bank raises its target price on Whitehaven's stock to A$9.50 from A$9.25 and upgrades the stock to outperform from neutral. "Margin outlook/cost control measures will be a focus" in Whitehaven's 3Q result, says the bank. Shares are down 4.3% at A$7.66. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 19, 2026 22:03 ET (02:03 GMT)
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